Real Estate News!

A report released by the Greater Tulsa Association of Realtors last week should be great news for those concerned about the housing market in Tulsa.  Amid what most would consider as one of the worst financial crises in history, Tulsa home values remained stable.  In fact, the local 2008 YTD average price home sales outperformed the national market.  (These statistics are based on residential property sales in the Tulsa MSA [Metropolitan Statistical Area], which include the 7 counties of Tulsa, Creek, Osage, Rogers, Pawnee, Okmulgee and Wagoner)

Granted, October through December showed signs of the faltering economy, but sales around that time frame have kept the market afloat. 

What is your take on the Tulsa Housing Market?  I would love for you to share your perspective.  Do you have friends in another state, or locally for that matter, that have seen losses from their real estate investments?